I G Petrochemicals Balance Sheet Health
Financial Health criteria checks 5/6
I G Petrochemicals has a total shareholder equity of ₹12.5B and total debt of ₹3.7B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are ₹21.0B and ₹8.5B respectively. I G Petrochemicals's EBIT is ₹973.0M making its interest coverage ratio 7.6. It has cash and short-term investments of ₹2.9B.
Key information
29.9%
Debt to equity ratio
₹3.74b
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₹2.90b |
| Equity | ₹12.49b |
| Total liabilities | ₹8.48b |
| Total assets | ₹20.97b |
Recent financial health updates
These 4 Measures Indicate That I G Petrochemicals (NSE:IGPL) Is Using Debt Reasonably Well
May 28
Here's Why I G Petrochemicals (NSE:IGPL) Can Manage Its Debt Responsibly
Feb 25I G Petrochemicals (NSE:IGPL) Has A Pretty Healthy Balance Sheet
Sep 17Is I G Petrochemicals (NSE:IGPL) Using Too Much Debt?
Mar 03We Think I G Petrochemicals (NSE:IGPL) Is Taking Some Risk With Its Debt
Nov 29I G Petrochemicals (NSE:IGPL) Use Of Debt Could Be Considered Risky
Jun 30
Recent updates
I G Petrochemicals Limited's (NSE:IGPL) Shares Leap 26% Yet They're Still Not Telling The Full Story
May 01These 4 Measures Indicate That I G Petrochemicals (NSE:IGPL) Is Using Debt Reasonably Well
May 28Here's Why I G Petrochemicals (NSE:IGPL) Can Manage Its Debt Responsibly
Feb 25Do I G Petrochemicals's (NSE:IGPL) Earnings Warrant Your Attention?
Oct 22I G Petrochemicals (NSE:IGPL) Has A Pretty Healthy Balance Sheet
Sep 17Estimating The Fair Value Of I G Petrochemicals Limited (NSE:IGPL)
May 30Is I G Petrochemicals (NSE:IGPL) Using Too Much Debt?
Mar 03Is I G Petrochemicals Limited (NSE:IGPL) A Good Fit For Your Dividend Portfolio?
Feb 10I G Petrochemicals Limited (NSE:IGPL) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Jan 20Introducing I G Petrochemicals (NSE:IGPL), The Stock That Zoomed 227% In The Last Five Years
Dec 25We Think I G Petrochemicals (NSE:IGPL) Is Taking Some Risk With Its Debt
Nov 29What To Know Before Buying I G Petrochemicals Limited (NSE:IGPL) For Its Dividend
Nov 03I G Petrochemicals Limited (NSE:IGPL) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Sep 26Did Business Growth Power I G Petrochemicals' (NSE:IGPL) Share Price Gain of 120%?
Aug 31Is I G Petrochemicals Limited (NSE:IGPL) A Good Fit For Your Dividend Portfolio?
Aug 04I G Petrochemicals (NSE:IGPL) Use Of Debt Could Be Considered Risky
Jun 30Financial Position Analysis
Short Term Liabilities: IGPL's short term assets (₹8.6B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: IGPL's short term assets (₹8.6B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: IGPL's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: IGPL's debt to equity ratio has increased from 28.2% to 29.9% over the past 5 years.
Debt Coverage: IGPL's debt is well covered by operating cash flow (37.7%).
Interest Coverage: IGPL's interest payments on its debt are well covered by EBIT (7.6x coverage).